Callan Family Office LLC Makes New $509,000 Investment in BancFirst Co. (NASDAQ:BANF)

Callan Family Office LLC acquired a new position in shares of BancFirst Co. (NASDAQ:BANF) in the 4th quarter, Holdings Channel.com reports. The fund acquired 4,347 shares of the bank’s stock, valued at approximately $509,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BANF. Smartleaf Asset Management LLC grew its stake in BancFirst by 155.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock worth $38,000 after acquiring an additional 191 shares in the last quarter. KBC Group NV grew its stake in BancFirst by 85.6% in the 4th quarter. KBC Group NV now owns 1,162 shares of the bank’s stock worth $136,000 after acquiring an additional 536 shares in the last quarter. Quantbot Technologies LP grew its stake in BancFirst by 83.5% in the 3rd quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock worth $154,000 after acquiring an additional 666 shares in the last quarter. Retirement Investment Advisors Inc. bought a new position in BancFirst in the 3rd quarter worth about $200,000. Finally, M&T Bank Corp bought a new position in BancFirst in the 4th quarter worth about $205,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

BancFirst Stock Performance

Shares of BancFirst stock opened at $112.78 on Monday. The company has a market capitalization of $3.75 billion, a PE ratio of 17.51 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day simple moving average of $117.99 and a two-hundred day simple moving average of $115.27. BancFirst Co. has a one year low of $81.21 and a one year high of $132.29.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Research analysts expect that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BANF shares. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods raised their target price on shares of BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Dennis L. Brand sold 4,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total value of $506,000.00. Following the sale, the executive vice president now directly owns 33,000 shares of the company’s stock, valued at approximately $4,174,500. This represents a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Scott Martin sold 10,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the completion of the sale, the director now directly owns 214,499 shares in the company, valued at approximately $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,000 shares of company stock worth $3,500,350. 33.89% of the stock is owned by insiders.

BancFirst Profile

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.